Their active trader platform is garbage now. Sara Hogue, a very nice supervisor there said that my broker DOCUMENTED THE RECORD, that my deadline to send in margin monies was 4pm eastern the 27th. 12/15/2020, Cons: The customer service reps are rude and talkative while saying nothing, I requested a withdraw and was told via email my check would arrive in 7-10 business days, so when I did not have it in 5 I called and suggested we just cancel the check and direct deposit, the advise was, "it should be there very soon" 7 days later, still no check and when I called spoke with Cherish Williams to have it direct deposited the rep was not interested in helping, just talking about over me aggressively, by John Johnson, They do offer the typical FAQ's section, but its extremely limited and I didn't see where I could ask my own question. I had to call and I did. They should be investigated. by Bill McAndrew, They don't handle email or enable you to get more direct communication with the person handling your request, by Sharon, I just opened my bank a few weeks ago, and I get eStatements. by Roger Goddard, Cons: tHE BROKERS ARE EXTREMELY INCONSISTENT WITH INFO THEY GIVE ME...AND THEY CLOSED MY ACCOUNT EVEN THOUGH i HAVE PAID FOR SHARES IN IT....VIOLATION OF sec AND finra. Their solution was that I should change the code on the copy of 1099 I file with the IRS. - For quick looks at charts, I prefer other apps for design...the process for typing in a ticker, getting a chart and being able to manipulate or pull data from the chart is too clunky. 12/21/2019. Use test deposits or something. I also winter in Mexico does that make me me Mexican, according to Fidelity it does.I have been with Fidelity since 1985 I am now retired. Fidelity 401K To IRA Rollover Summary If you have an old 401 (k) plan that you don't know what to do with, moving it to Fidelity (read Fidelity IRA review) would be a good decision. You might as well not trade options with them on Friday afternoons as they will screw with all your positions. Fidelity IRA Review: Conclusion. Anyone arse view a history of transactions made on the. there is not enough time or space to list the cons. I would not recommend this company to anyone.They cost me severe thousands by not properly investing my managed money in a timely manner.Plus there is always a long waiting time on phone.Since The error was totally a management error, they refused to recognize that gross mismanagement of my funds and correct their mistake. If, for whatever reason, you need to speak to someone, its impossible to get through their "automated misdirect system". Check out our video about how easy it is to open a Roth IRA at Fidelity: Final Verdict of Our Fidelity Review. This never happened. [Then why did they issue the checks?] I HAVE DONE BUSINESS WITH MANY OF THE LARGE INVESTMENT HOUSES AND WILL NEVER DO BUSINESS WITH FIDELITY. 12/21/2020. 5/19/2019. sad. 5/31/2017, Pros: It was the "Go to site for clarity and Fidelity", Cons: It has turned in to a Junk status operation concealing data. 3/2/2017. 7/17/2020. You can have your traditional 401(k), and 403(b) accounts still. Fidelity Investment Advisor Pros & Cons It plays with investor’s money, make weird decision to block trading and penalize investors for venting their anger . tHE BROKERS ARE EXTREMELY INCONSISTENT WITH INFO THEY GIVE ME...AND THEY CLOSED MY ACCOUNT EVEN THOUGH i HAVE PAID FOR SHARES IN IT....VIOLATION OF sec AND finra. Well, why don't they just adjust the damn amount then? This was an invaluable feature of the app because it displayed a global map of world market states (up/down), futures and open market values, equity quotes that related to your holdings and watchlists, and market news briefs/links relative to each equity displayed (including quick charts and instant quotes). I had some hard times due to medical issues and medical bills where I missed some work and got behind on my mortgage. I have used Selftrade but that has now become pathetic. Original review: Dec. 5, 2020. Since I did not want to have any more problems, I withdrew the funds. What is Fidelity Investments clearing firm? The stock I wanted (CIMPRD) went from 10 to 17 in the time I had to wait to talk to an agent.I complained to the agent. I opened an account because I wanted better that Ally. Three weeks after I informed Fidelity of my opinion, we received an official notice that our brokerage account would be terminated. THIS IS TRULY RUTHLESS, unethical and yes, against SEC regulations. The app did not always integrate all the functions and data that we had on the website, especially when it came to research and analysis, they changed that. Very poor, dishonest customer service. Cons: a lot, customer service, handling your money, secure communication, Three weeks ago I decided to open a trading account and change my current broker. 3/20/2018. I'm going to make sure that EVERYONE I can tell is warned about this DISHONEST sneaky underhanded company (Fidelity) using every source I van find (print and social media) and word of mouth. Some of them and especially supervisors are rude. by Jeffrey Semonian, Fidelity Investments Questions and Answers. I would NEVER recommend Fidelity for your money. Folks, they want your money and don't want to help.The manager for the Westlake Village office (Omeed Fijadi) refused to explain the reasons I want activated with real time trading and made me feel like I was wasting his time? by JCOHN, She was and IS the beneficiary BY NAME. It was the "Go to site for clarity and Fidelity", It has turned in to a Junk status operation concealing data. Just be ready for nothing but stress when calling Fidelity, by David, Cons: wont work with you. Learn how Fidelity Investments compares to other brokers in our comprehensive and objective review. That includes traditional IRA, SEP IRA, and Simple IRA. Traditional IRA. the wait times are unbelievable and the call center often doesn't give the right answer. 3. I’m talking about just how cluttered this app really is. Pros: Some of the reps are kind but mostly are not. For example just to add a family member (My Dad) as I am trustee to write checks against his own retirement fund. by Angelina M B, I am going to report them to Fidelity management. NEVER HAPPENED. These accounts are in this register for no reason.For some reason the customer service ignores customer requests to close the account. - Watch list limits are easily met, and getting to watch lists and adding stocks are multiple clicks. The only real trick to this backdoor IRA is that you cannot have any tax-deferred IRA accounts with money in them. This means,the customer him-/herself would like to follow a normal bank activity by asking to close this terminated and useless account. Fidelity just removed all content from the “Feed” tab (which could be scrolled through without logging in). Fidelity knows what continuous improvement means. I am helplessly waiting. It's a big scam. What company closes your account even though I have paid for shares in there and the account is actually active. . Highlights include a long list of no-transaction-fee mutual funds as well as commission-free trades for U.S. stocks and ETFs, among other investments. a lot, customer service, handling your money, secure communication. She died five years ago. Clean design, smooth animations, minimalistic but not too plain is all you need but this app is great for people serious about investing and offers a lot of help from its more than helpful representatives. They talk as if they are your boss and you are relying on them for their services. by stella, But Fidelity seems to have a problem with my retirement plans and is blocking me from my cash account. Active Trader - Platform freezing so much - must have serious processing problems Schwab is far better- no fees re: ETF holding period.0 replies 0 retweets 0 likes. THEY KEEP YOU OFF REAL TIME TRADING!!! Fidelity is scum and is the worst place to place your money and trust if you want customer service. by Shanon, 10/21/2020. I made the correct decision and was prepared to make alot of money and because of Fidelity's negligence and ignorance as well as having the lack of balls to let the trade play out. We were with Fidelity for four years, doing fine with tax-deferred and brokerage accounts. by Dan F, Not sure why there are small limits on the amount of tickets you can add. So, 500K+ plus acct and my Broker had not set up his VM and I couldnt get through the auto voice to save the world?Once they responded to my email I let them know the account was not real time, they gave me some excuse but admitted it was NOT real time quotes and that that is their standard operating procedure? 6/25/2017. by FloridaGator1Card, Some of the broker's rivals outperform it on some issues; but overall, Fidelity is not easy to beat. AND they had me fill out a W-9 Tax Form which again I did online as directed. A short time later I noticed that I was having money taken out of my pay check going to Fidelity. A few years ago this would not have been a problem, by Don C., Pros: Really nice but don't care enough to solve the problem... Cons: THEY KEEP YOU OFF REAL TIME TRADING!!! They lost, (deleted) my retirement account, it took Fidelity 5 months to find it, then gave me an incorrect amount. It's not a trust investment company to invest with. May I recommend TIAA my other retirement institution who have been nothing but exceptional. I might try Barclays. Which I didn't qualify. you should open a Fidelity Roth IRA - Enjoy! Incompetent. Very unprofessional while talking with customer. I can't imagine what they think they are doing with other peoples' money. Even if you get a notice from them to call, you will not get through unless you have a spare few hours. 3/30/2020. Need to use yahoo watch lists to overcome my need to watch a bunch of stock groupings easily. Fidelity is a very conservative company, a plus for a financial firm. A definite decline in Fidelity's customer service in their Annuity branch. I had a managed account paying 1.25% of the amount invested so about 5K annually.I also have a brokerage account with them. Pointed out as I filled out the forms, HER name, her SSI number, My NAME my SSI number. 2/23/2018. I told them from the beginning that I have insurance through the military. Another very popular and better priced broker for 401K rollover into IRA account is Ally Invest. mutual funds, options, and bonds.". As the largest provider of retirement accounts in the US, Fidelity offers a diversified mix of investment options, low fees, and a first-class online trading experience. 0 balances fees for employer spon plans and they use our $ and we get paid $.! 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